Haven Capital Group Inc. Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

Haven Capital Group Inc. bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,075 shares of the industrial products company's stock, valued at approximately $7,317,000. Roper Technologies makes up about 6.9% of Haven Capital Group Inc.'s holdings, making the stock its 3rd biggest holding.

Several other hedge funds have also recently modified their holdings of ROP. Wellington Management Group LLP lifted its position in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after buying an additional 345,268 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $148,070,000. Proficio Capital Partners LLC raised its holdings in shares of Roper Technologies by 59,278.6% in the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock worth $145,697,000 after purchasing an additional 279,795 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $69,382,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after purchasing an additional 132,913 shares during the period. Institutional investors own 93.31% of the company's stock.

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Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the completion of the transaction, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. The trade was a 36.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 in the last three months. Corporate insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research reports. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer lifted their price target on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $623.60.

Roper Technologies Price Performance

Shares of ROP traded down $3.27 during mid-day trading on Friday, reaching $572.18. 879,748 shares of the stock traded hands, compared to its average volume of 498,725. The firm has a fifty day moving average price of $564.14 and a 200 day moving average price of $552.68. The company has a market cap of $61.44 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is currently 23.01%.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.